I Disagree on the Debentures. There is a Pre split total convertible, and there is a post split total convertible.
Any time you split, or reverse split the common stock in a company, it affects the total capitalization table.
Post Reverse Split would reduce the number of shares in which debentures are convertible by a factor of 20,000 to 1 (One million would be reduced to 50, as shown in the S-1).
As there is no mention of any ratchets in any of Omega's sparse filings, and the S-1 shows the reduction (as I have mentioned it previous posts), one can only gather that there aren't any.
If I owned debentures, I wouldn't be converting, I would be filing a lawsuit. That could be next, these things take time especially in this space.
As far as Jonathan Cummings's shares being restricted, that is not even the least bit humorous.
Things will be clear shortly, just don't get caught long.
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